Pablo Martinez Monsivais / AP

The Medicare trust fund will be insolvent by 2029, according to the program's trustees, who also report Social Security's combined trust funds will be depleted by 2034, per MarketWatch. The Medicare trust fund is set to be insolvent one year later than was estimated last year, per Modern Healthcare.

What it means: The Independent Payment Advisory Board, proposed by the ACA and known as the "rationing board" by ACA opponents, won't be activated after all, since it was set up to run cuts if there was overspending in Medicare costs. Note: retirees' benefits won't disappear in 2034, since by then there will be enough tax revenue to pay about 75% of the benefits.

Why it matters: Republicans would have had to implement the cuts if the board had been activated. Today's report buys the GOP another year to avoid dealing with it.

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Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

Photo: Ron Jenkins/Getty Images

The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.

Election night in Trumpworld

Photo illustration: Aïda Amer/Axios. Photo: Chris Carlson-Pool/Getty Images

A luxe election-night watch party at the Trump International Hotel on Pennsylvania Avenue is being planned for President Trump's donors, friends and advisers — but Trump's hand in it is minimal because he's "very superstitious" — people familiar with the plans tell Axios.

The big picture: This "mecca for all things MAGA," as one adviser described it, is one of three hubs where they say Trumpworld will watch returns. The others are the war room at campaign HQ in Rosslyn, Virginia, and the White House residence, where Trump and the first lady will gather close family and advisers before heading to the hotel later that night, the sources said.